Funding you earn now, next payment 08:07 UTC+0.0543%/8h= +59.4% APRpaid last 24h +0.044%
Price spread now: Lighter against Perpl+0.165%7-day average +0.102% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.398%+$40 on $10k
+Price spread, last 4 days (all we have)−0.987%−$99 · spread now +0.165%, 7d avg +0.102%
=Together, before fees−0.589%+ Points / potential airdropPerpl: Active · Lighter: Season 3 · farm board−$59 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Lighter is 0.062% dearer against Perpl than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.102%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl ZEC | 1,507.8 | −0.0447 | get 0.0040% / 43m | 39m 05s | $62K | $304K | 10x |
| Short | Lighter ZEC | 1,510.2 | 0.0096 | get 0.0012% / 1h | 24m 05s | $19.5M | $45.2M | 20x |
Perpl ZEC
Lighter ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Perpl. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $113.93
- Price spread: +0.165% → +0.102%
- $6.23
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $106.36
- Costs to cover
- 0.138%
- Break-even
- 0.5 days
Slippage unknown: Perpl: no order-book sample; Lighter: live order book, 5 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Perpl no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 5 min ago | 0.59 bp | 1.2 bp −$1 | 2.1 bp −$21 | 10.6 bp −$1,056 | 64.6 bp −$32.3K |
Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ZEC on 51 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ZEC/USDC PERP | −0.3702% | 1h | 1,488.8 | −1.255% | $36K | $275K | 12x | as long as short |
| Perpl ZEClong | −0.0447% | 43m | 1,507.8 | long leg | $62K | $304K | 10x | |
| Aftermath Perps ZECUSD | −0.0223% | 1h | 1,506.3 | −0.096% | $48K | $58K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0162% | 8h | 1,508.3 | +0.036% | $31.8M | $76.5M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,508.4 | +0.041% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,508.4 | +0.043% | $417K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,509.3 | +0.101% | $1.6M | $5.0M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,508.6 | +0.058% | $5.4M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0019% | 1h | 1,509.4 | +0.106% | $18.4M | $47.5M | 25x | as long as short |
| 01 Exchange ZECUSD | +0.0024% | 1h | 1,510 | +0.146% | $8K | $6K | 5x | as long as short |
Injective ZEC/USDC PERP
Aftermath Perps ZECUSD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Kraken Futures PF_ZECUSD
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0082% | 1h | 1,504.2 | −0.237% | $4.8M | $1.4M | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0084% | 8h | 1,509 | +0.084% | $305K | $860K | 20x | as long as short |
| Gate ZEC_USDT | +0.0089% | 8h | 1,508.4 | +0.041% | $60.9M | $186.9M | 75x | as long as short |
| Lighter ZECshort | +0.0096% | 1h | 1,510.2 | +0.165% | $19.5M | $45.2M | 20x | |
| Lighter RH ZEC | +0.0096% | 1h | 1,510.1 | +0.157% | $2.1M | $7.6M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,509.7 | +0.126% | $172K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,509.4 | +0.111% | $62K | $16K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,509.2 | +0.097% | $16K | $893K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,509.4 | +0.112% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,509 | +0.083% | $789.2M | $441.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,508.1 | +0.026% | $14.2M | $30.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,509.3 | +0.103% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,509 | +0.080% | $711.9M | $2.32B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,508 | +0.017% | $271.5M | $618.2M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,508.4 | +0.043% | $184.4M | $1.37B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,508.6 | +0.056% | $409K | $547K | 5x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,510 | +0.151% | $596K | $8.9M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,503.8 | −0.265% | $774K | $147K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,508.9 | +0.075% | $406.5M | $838.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,508.9 | +0.079% | $103.3M | $56.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,508.6 | +0.056% | $163.2M | $294.9M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,508.4 | +0.042% | — | $120.4M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,506.5 | −0.086% | $49.9M | $35.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,504.6 | −0.208% | $555K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,504 | −0.246% | $3.1M | $541K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,504.9 | −0.186% | $413K | $952K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,509.4 | +0.107% | $50K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,509.6 | +0.123% | $375K | $1.6M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,509.3 | +0.102% | $169K | $192K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,502 | −0.380% | $449K | $419K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,511.5 | +0.251% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,508.9 | +0.079% | $255K | $3.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,508.7 | +0.066% | $2.7M | $21.0M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,509.1 | +0.090% | $4.0M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,509.3 | +0.101% | $2.8M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,509.2 | +0.095% | $45K | $153K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0149% | 1h | 1,510.2 | +0.159% | $691K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0157% | 1h | 1,509.3 | +0.106% | $954K | $1.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0161% / S −0.0167% | 1h | 1,509.4 | +0.110% | $335K | — | 100x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0213% | 1h | 1,509.1 | +0.091% | $2.4M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0368% | 1h | 1,510.1 | +0.158% | $3.8M | $10.0M | 50x | as long as short |
Phoenix ZEC
Orderly PERP_ZEC_USDC
Gate ZEC_USDT
Lighter RH ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX